Be it tax returns and pension scheme switches to credit card reward alterations and fixed deposit closures, here's a summary of the major watchouts this month.
Ahead of its upcoming IPO, the country’s largest mobile payments player is looking to augment its revenue with multiple cobranded credit card partnerships
Several co-branded credit cards will also see the withdrawal of air accident insurance starting August 11, 2025
SBI Card's market presence strengthened in January, with its market share climbing to 15.7 percent
Salila Pande has been appointed as new MD & CEO of SBI Cards with effect from April 1, 2025 for a period of two years
Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage
Nomura expects credit cost to be about 9% in FY25F, while Nuvama upgraded SBI Cards share price target to Rs 850, an upside of 14%
The SBI-promoted card issuance company (SBI Card) reported a net profit of Rs 593 crore in the April-June period of the previous fiscal.
SBI Card MILES users can convert travel credits to air miles and hotel points with card partners. Users get accelerated rewards on every travel booking, and airport lounge access, among other benefits. The annual charges for the card start from Rs 1,499 and go up to Rs 4,999, before tax.
Revenue increased 30 percent on-year to Rs 4,742 crore from Rs 3,656 crore in Q3 FY23
The lifestyle-focused credit card to offer holistic and rewarding shopping experience to customers
The outgoing MD will be replaced by Abhijit Chakravorty, who is presently a deputy managing director at the State Bank of India
The decision to consider and approve the proposal for raising funds through the issuance of non-convertible debentures (NCDs) aggregating to Rs 3,000 crore would be taken in June 5 board meeting, SBI Card said in a regulatory filing.
The company's total income during the January-March period of 2022-23 rose to Rs 3,917 crore against Rs 3,016 crore in the year-ago period, SBI Card said in a regulatory filing.
Some experts also suggested that when fintech companies hire a veteran banker, a certain goodwill also comes along.